Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is to sell Sportech, a designer, manufacturer and assembler of cab components and assemblies for a wide range of OEM customers, to Patrick Industries, in a deal valued at $315m.
The transaction, which is expected to close on or before 24 January 2024, is subject to customary closing conditions and regulatory approval.
Monomoy invested in the founder-owned business in 2019 and has since worked alongside the management team on revenue growth and operational improvement initiatives.
Sportech provides integrated door systems, windshields, roofs, canopies, bumpers, fender flares and cowls across the powersport, golf and turf, industrial and agriculture end markets.
Baird served as financial advisor and Kirkland & Ellis served as legal counsel to Sportech and Monomoy.
